Fund Management

GRAEME WHITE<br/>HEAD OF BARCLAYS PRIVATE EQUITY 2005-04-02 Staff Writer Graeme White, managing director and head of Barclays Private Equity, has died after an 11-month battle with pancreatic cancer. He passed away peacefully and surrounded by his family at his London home on March 4th. He was 51 years

The electronic payment company has filed an initial public offering after a June recapitalization by the Chicago firm yielded a shareholder dividend in excess of $110m.

John Muse and the rest of the Dallas leadership of Hicks Muse Tate & Furst say they have finetuned a ‘formula for success’, and it doesn't involve Europe, Latin America, high tech or Tom Hicks. David Snow reports.

Vincenzo Morelli returns to the fray as TPG's new European operations pointman.

New York-based Paul Capital Partners has securitised most of the assets in a $300m drug-royalty fund.

Imported from the US, second lien strips are being increasingly used in leveraged finance transactions in Europe. Paul Mullen, partner in Lovell’s acquisition finance practice explains how they work and the structuring issues they present.

The co-founder of The Carlyle Group said at a Yale University private equity event that hedge funds currently enjoy advantages over private equity firms in offering financing to companies.

Private equity securitisation as a fundraising technique had all but disappeared from view. Then two collateralised debt obligations, SVG's Diamond and Tenzing from Invesco Private Capital, braved the market in 2004. Will there be others, asks Philip Borel

In 2002, Guy Hands took his team of professionals at Nomura Principal Finance Group and spun out from the Japanese securities house. Since then, Terra Firma has raised a multi-billion Euro fund and been trawling Europe for assets. But for Hands there has also been the small matter of growing and managing the business. In January, Philip Borel stopped by the group's new home on the South Bank of the River Thames to ask how things were going

The Crocus Investment Fund, one of Canada's labour-sponsored investment funds, halted trading and suspended redemptions in December amid concerns about overvalued holdings and general mismanagement. As the fund conducts a controversial internal review, many critics are pointing to Crocus as an example of the ineffectiveness of Canada's LSIF programme